Lakewood NSW 2443: Property Market Report & Real Estate Insights

Part of Port Macquarie-Hastings, NSW

Lakewood Real Estate Market Outlook

Thinking about buying in Lakewood? Now could not be a better time, with 746 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $718,000 with prices in this suburb ranging from $145,000 to $2,191,000. Lakewood is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Lakewood

In Lakewood there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Lakewood is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Lakewood changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Lakewood we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Lakewood a better buying opportunity than it may have been in the past.

Instant Property Valuation

Lakewood, located in the Port Macquarie-Hastings region of New South Wales, offers a unique blend of coastal and rural living, making it an appealing choice for those seeking a balance between tranquility and accessibility. The housing market in Lakewood is characterized by its relatively affordable prices compared to larger cities, which attracts a diverse range of buyers, from young families to retirees. With various property options available, from modern homes to more traditional styles, buyers and renters can find something that suits their needs and budget. The area’s appeal is further enhanced by its proximity to natural attractions and essential amenities, providing residents with a comfortable and convenient lifestyle.

Living in Lakewood presents the opportunity to enjoy a laid-back lifestyle surrounded by nature, with the area boasting beautiful waterways, parklands, and proximity to the scenic North Brother Mountain. The community is known for its friendly and welcoming atmosphere, making it an ideal place for those looking to escape the hustle and bustle of city life. Residents have access to shopping centers, schools, and healthcare facilities, ensuring that all necessary conveniences are within reach. Lakewood’s location allows for easy access to nearby towns and beaches, offering a variety of activities from hiking and fishing to dining and cultural events. This combination of natural beauty, community spirit, and practical amenities makes Lakewood a charming place to call home.

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